SinoCoking Coal and Coke Chemical Industries Inc. (SCOK) reported that its second-quarter net income was $2.6 million or $0.13 per share compared to a loss $7.0 million or $0.33 per share in the year ago quarter.
Excluding the change of fair value of warrants, net income was $1.3 million, or $0.06 per share compared to a loss $4.5 million, or $0.21 per share last year.
Revenue increased by 3.3% to approximately $17.3 million from approximately $16.7 million due to stronger revenue from coal products offset by weaker revenue from coke products.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.